Community banking changes continue to 'surprise' us but not all for the worse. Some banks, especially in the mid-west seem to be doing quite well in spite of the recession. Several I know had a 'record' year in 2008.
Even in depressed areas there is new business to be had....I see it happening now. The simple secret is that banks just have to get out of their offices and ask for it. I know that sounds too simple but it works, if you prepare properly. Running out to tell the world about your bank is not the way to success. You should offer a value that is not clearly self-serving. Lead with what your prospects want, need and aren't getting.
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Green Banking Pays Off
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Regions Bank in Birmingham, AL launched a new checking account product called LifeGreen Checking. Checking is free to those who get a Visa CheckCard coupled with direct deposit or make five electronic transfers per month or receive statements online. In the period August to September 2008 checking sales were up 16 percent. - USBanker 12/08
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Mobile Banking Acceptance Growing |
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Jupiter Research estimates 150 million people worldwide will be using mobile phones to access their bank. This is feeding on the 'instant gratification' society we have and will continue to grow in intensity. "People want what they want - NOW!"
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Good News/Bad News For Bank Taxes
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The current stimulus package provides a tax break if banks buy municipal bonds, letting them deduct most of the expenses they incur. BUT package reverses an IRS change that benefited banks that bought other banks. Kiplinger Letter Feb 09
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Funnies
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If it's true that we are here to help others, then what exactly are the others here for?
If Fed Ex and UPS were to merge, would they call it Fed UP?
What hair color do they put on the driver's licenses of bald men?
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Silver Bullets for Quick Revenue Growth
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